Last Friday 14th of September the latest annual Boston Consulting Group (BCG) SEDA report was presented at the Hudson Yards, New York. It is the Sustainable Economic Development Assessment (SEDA) that refers to a country’s ability to transform economic wealth into well-being for its citizens. For Italy there are some good news.
Italy improving in many SEDA fields
The SEDA report ranks 152 countries. The podium ranks Norway in the first place; Switzerland, second; and Iceland, third place. In the global charts Italy occupies the thirtieth position and has a SEDA coefficient of 0.92. Although compared to the rest of Europe Italy has still opportunity for improvement, it’s doing good in education, health, governance and most important economic stability.
Moreover, compared to the rest of the world, Italy records better performances in many other fields, especially in the environment, governance and in the civil society sector.
How does SEDA work?
The SEDA tool, launched by BCG in 2012, analyzes 152 countries. For each country, there are 40 indicators divided into three categories. These indicators include education, promoting gender equality or civil participation, to which it is assigned a score each year. The above comparison allows to create a direct link between economic growth and social well-being.